> Germany reported its first monthly trade deficit in three decades after exports unexpectedly fell in May.
>The shortfall of 1 billion euros ($1 billion) was the first since 1991. Cross-border sales declined 0.5%, compared with an economist forecast of an increase of 0.7%. At the same time imports rose 2.7%, much more than anticipated.
> Russia’s invasion of Ukraine and China’s Covid-related lockdowns are wreaking havoc with international supply chains, with substantial fallout for Germany’s export-oriented economy
Why would Brexit do this to us!
oh, wait this is Germany. That’s not good news. I expect with china cutting more and more into Germany’s exports and the EU regulating more and more, this will become more normal as the years pass.
What we need are more green tariffs and green regulations for businesses. Make sure our prices are pushed up.
Somehow predictable, these are hard weeks for every countries and if a fair deal of economy is based on production and export and your customer countries are in a difficult time, it’s inevitable that you have some bad consequence as well.
A fair distribution of money in the European countries is good for everyone, for the buying countries but, above all, for the selling countries.
Korea recorded first monthly trade deficit in a very long time too. The fact that export oriented economies are running deficits now really shows what an epic faliure the EU/Germany’s past dealing with Russia has been.
something, something “interesting times”.
Does this mean germanys manufacturing is now on the hook?
This won’t be good for the entire EU
Giant trade surplusses are not healthy in the long run anyways. If we reach a somewhat balanced balance this wouldn’t be too bad.
That’s what we get for making ourselves dependent on Russia.
Because imports are more expensive due to commodities prices?
Does that mean Germany can now become the new net recipient of EU funds and stop handing out cash? /s
11 comments
> Germany reported its first monthly trade deficit in three decades after exports unexpectedly fell in May.
>The shortfall of 1 billion euros ($1 billion) was the first since 1991. Cross-border sales declined 0.5%, compared with an economist forecast of an increase of 0.7%. At the same time imports rose 2.7%, much more than anticipated.
[Graph](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i57lJ3_XoVHw/v2/pidjEfPlU1QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE/1080x-1.png)
> Russia’s invasion of Ukraine and China’s Covid-related lockdowns are wreaking havoc with international supply chains, with substantial fallout for Germany’s export-oriented economy
Why would Brexit do this to us!
oh, wait this is Germany. That’s not good news. I expect with china cutting more and more into Germany’s exports and the EU regulating more and more, this will become more normal as the years pass.
What we need are more green tariffs and green regulations for businesses. Make sure our prices are pushed up.
Somehow predictable, these are hard weeks for every countries and if a fair deal of economy is based on production and export and your customer countries are in a difficult time, it’s inevitable that you have some bad consequence as well.
A fair distribution of money in the European countries is good for everyone, for the buying countries but, above all, for the selling countries.
Korea recorded first monthly trade deficit in a very long time too. The fact that export oriented economies are running deficits now really shows what an epic faliure the EU/Germany’s past dealing with Russia has been.
something, something “interesting times”.
Does this mean germanys manufacturing is now on the hook?
This won’t be good for the entire EU
Giant trade surplusses are not healthy in the long run anyways. If we reach a somewhat balanced balance this wouldn’t be too bad.
That’s what we get for making ourselves dependent on Russia.
Because imports are more expensive due to commodities prices?
Does that mean Germany can now become the new net recipient of EU funds and stop handing out cash? /s